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BNP Paribas announced the launch of the BNP Paribas MGI Systematic Currency Alpha Index using artificial intelligence through machine learning

The index, created by BNP
Paribas in partnership with Millennium Global Investments (MGI), went live in
Q1 2019.

MGI provides systematic FX
Signals to BNP Paribas, determining the long or short exposure to four liquid
currency pairs selected to represent the global FX market (USDGBP, USDEUR,
USDAUD and USDJPY). The Index can be considered as a new frontier for
investors seeking cross-asset portfolio diversification, as it is enhanced by
signals generated by an artificial intelligence model that uses machine
learning to identify every day the dominant factors driving the performance of
currency pairs.

Francois Oustry, Head of
Quantitative Investment Management and Innovation at Millennium Global
Investments said: "Millennium Global's foreign exchange systematic strategy was
designed to provide an uncorrelated, diversifying stream of returns, and we
look forward to collaborating with BNP Paribas to ensure that together we
deliver a useful and effective solution for investors."

Mark Astley, Chief Executive
Officer of Millennium Global Investments said: "We are very pleased that BNP
Paribas has selected Millennium Global as a product partner. We believe that by
offering our innovative strategy through their platform, BNP Paribas will
enable a wide range of users to gain access to a solution that is normally only
available to large institutional investors."

Matthew Yandle, Global Head of
Structuring at BNP Paribas said: "The collaboration with MGI allows
investors to access a new class of quantitative signals in the FX markets with
the aim to provide further diversification across risk factors. This new index
broadens our range of systematic FX risk premia strategies for clients by
combining BNP Paribas FX cost-efficient indices with MGI's proprietary signals
and risk management modules."